Christie's Former Wine Partner
To Start Its Own Auctions in Fall

Let the wine wars begin: Buyers and sellers at auction could be the winners in a game of musical chairs that's heating up the rare-wine business.

Late last year, Christie's International, the fine-art auctioneer, split with its partner of seven years in the pricey wine-auction business, Scarsdale, N.Y., wine retailer Zachys. But, while most messy divorces end with a fight over the children, in this split, Zachys got custody of the...